Suggest a good bank account for investment purpose i.e. Auto Debit SIP

[falcon007]

Suggest a good account for auto debit of SIPs of Investment.

- Should have minimum AMC charges.
- Should have no charges for SIP/Mandate bounce in case of low balance.
- Should be zero balance or minimum requirement for MAB
- Suggest apart from ICICI, SBI and Kotak

 

[Vasuki]

Suggest a good account for auto debit of SIPs of Investment.

- Should have minimum AMC charges.
- Should have no charges for SIP/Mandate bounce in case of low balance.
- Should be zero balance or minimum requirement for MAB
- Suggest apart from ICICI, SBI and Kotak

No nach bounce is charge is not there with any bank .
Not a advice but suggestion.-
If u want a bank account for following reason
U should first Have 1 month expense in Liquid / fd in that bank
Then use for Investment in SIP

Apart from these
IDFC has very good interface for Nach Mandate on App UI
Charges are almost zero . No atm charge.

If ur expectations aren't pre approved something..it should serve all your purpose.

And 10k maintain would be good .

Other options ----
1 - HDFC ( nach is only shown in Net banking)
2 - axis - people complaint about Charges ( consolidation fees)
3- RBL ( U CAN go with aspire or signature program which is effective zero balance) no idea about UI

 

[falcon007]

IDFC is having MAB requirement of 25k 🥲

 

[Vasuki]

IDFC is having MAB requirement of 25k 🥲

10k too .
If u are prominent College pass out ..
Zero balance too

 

[falcon007]

Yes, I may think of 10k variant.

But, I can see in other threads that many are getting offer of ZERO MAB offer.

I wonder how to get that? 😅

 

[Vasuki]

Yes, I may think of 10k variant.

But, I can see in other threads that many are getting offer of ZERO MAB offer.

I wonder how to get that? 😅

Too random .
If u r cc holder u might get . Else any loan going on etc etc .